SFGTV: San Francisco Government Television
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Jan 26, 2013
01/13
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we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green this project and make them the most environmentally sustainability program. they are a huge partner with us nationally and with all the communities and the work that they do across the country. so thank you stephanie and liz. [ applause ] we have two different banking partners on this project that have combined to lend over $22 million to the construction loan on this project. citibank and silicon valley bank. merl is around. former mercy employee, also wonderful human being. merl is also hiding in the background because he is also humble. these two banks have been huge up
we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green...
SFGTV: San Francisco Government Television
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Jan 26, 2013
01/13
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the city is not getting any sales tax. we pay sales tax to the city. you are losing. we're geting into more areas. construction. this is common view on 2nd street. 2nd street is under massive construction. and it will be. and if you keep putting the truck in there, we're going to have a nightmare on 2nd street. so i think i would like you to reconsider what you are looking at. also the health problem. we have got a flu epidemic going. you want the people who are serving you food to be properly -- [ inaudible ] >> thank you. >> next speaker, please. >> can we ask people not to repeat what has been stated by others. thank you. >> i am jeff knoll, i work as an inspector for the san francisco health department. i'm not here representing the city. i am here as a coffee drinker. i am in and out of restaurants regularly, and instead of standing in line at a restaurant, i would rather grab a quick cup of good coffee at expresso subito. >> my name is lynn person and i have lived and worked in san francisco for the last 29 years. i'm a business person in downtown and i guess i'
the city is not getting any sales tax. we pay sales tax to the city. you are losing. we're geting into more areas. construction. this is common view on 2nd street. 2nd street is under massive construction. and it will be. and if you keep putting the truck in there, we're going to have a nightmare on 2nd street. so i think i would like you to reconsider what you are looking at. also the health problem. we have got a flu epidemic going. you want the people who are serving you food to be properly...
SFGTV: San Francisco Government Television
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Jan 27, 2013
01/13
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, license fees, paraphernalia payroll taxes. the original holy bagel is still in business on 24th street. it's now going on 34 years. gary has only benefited the city of san francisco through community outreach, donations. he has donated food products and money from anywhere from casa delas mad reses to the san francisco unified school district. i believe it's the job of city and county of san francisco to create business and i don't think this is the proper venue to vet what the processes of the department of public works are, which were followed wreckly. thank you. >> thank you. next speaker. >> my name is nigel hall and i remember a small business in marin and i come into the city frequently and invariably i'm in a rush. you don't stop in a store to get a coffee when you are busy rushing from one place to another. and the food trucks and coffee trucks are a great addition to the city. they satisfy a very specific need and it's very different to the market for people who go to a specific location to get coffee or get food. the
, license fees, paraphernalia payroll taxes. the original holy bagel is still in business on 24th street. it's now going on 34 years. gary has only benefited the city of san francisco through community outreach, donations. he has donated food products and money from anywhere from casa delas mad reses to the san francisco unified school district. i believe it's the job of city and county of san francisco to create business and i don't think this is the proper venue to vet what the processes of...
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Jan 29, 2013
01/13
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KGO
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. >> superbowl week with interesting comments from president obama. he was quoted in new republic magazine as saying if he had a son he might not let him play football because of the long-term health risk and the danger involved. well, 49ers head coach jim har but was asked about it today. and the coach he has a brand new baby boy named jack and the coach says jack is going to play. >> i have a 4 month old almost soon to be 5 month old son jack harbaugh and president obama feels that way then a little less competition for jack when he gets older. that's the first thing that jumps into my mine. other parents are thinking that way. but still early. jack is only 5 months old but he's a really big kid. he has an enormous head. wing span is plus 1. as so
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. >> superbowl week with interesting comments from president obama. he was quoted in new republic magazine as saying if he had a son he might not let him...
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Jan 31, 2013
01/13
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we've seen the beginnings of the tax side of that, now we have to see the spending cut side of that. it will be hard and grind out and ultimately just like we believe the baby grand bargain will be achieved the work will be done and we'll get there. >> can the market rally unless we get that? if we don't get that until the fall time frame what does that mean for the market overall? >> i think we can rally. earnings are good. we're expecting a tick-up this year in the u.s. economic growth through about 2.5%. we think global growth can go from 3% to 4%. all of that creates a solid underpinning and what comes in to create that reallocation in a big way is the deal in washington, is the grand bargain and the transparency as well as clarity on fiscal policy. >> great to have you. keith banks, u.s. trust president right here. >>> all right, our market discussion doesn't end here. coming up this hour, double line capital's bonnie baha discusses bonds and whether there is a bubble in fixed income. let's go over to julia boorstin in l.a. for some news on facebook. >> facebook is getting into
we've seen the beginnings of the tax side of that, now we have to see the spending cut side of that. it will be hard and grind out and ultimately just like we believe the baby grand bargain will be achieved the work will be done and we'll get there. >> can the market rally unless we get that? if we don't get that until the fall time frame what does that mean for the market overall? >> i think we can rally. earnings are good. we're expecting a tick-up this year in the u.s. economic...
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Jan 31, 2013
01/13
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from federal taxes. nationwide the 1%ers paid 5.6% of their income in state taxes. the bottom 20%, they pay almost twice as much relative to their income. now, the report takes aim at states that are looking to reduce or eliminate income taxes saying it would be unfair and make an unfair system even worse while the bottom are paying more of their paycheck to taxes. the fact, however, remains, high earners pay the bulk of the income taxes in many states. can you read the full story at cnbc.com's inside wealth. back to you. >> so, california's the leading one, but new york is very close, right? new york is, what, you've got 9.8% state ant 3.6% city. >> actually, again, talking about what people actually pay relative to their income, not the published rates. >> and it's surprising to me that new york was not up there. i think it's 7%, maybe even 6%, so it might have been in the top ten but not in the top five. >> okay. that's after deductions is what you're saying. >> that's correct, that's correct. >> stay
from federal taxes. nationwide the 1%ers paid 5.6% of their income in state taxes. the bottom 20%, they pay almost twice as much relative to their income. now, the report takes aim at states that are looking to reduce or eliminate income taxes saying it would be unfair and make an unfair system even worse while the bottom are paying more of their paycheck to taxes. the fact, however, remains, high earners pay the bulk of the income taxes in many states. can you read the full story at cnbc.com's...
SFGTV2: San Francisco Government Television
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Jan 31, 2013
01/13
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the city is not getting any sales tax. we pay sales tax to the city. you are losing. we're geting into more areas. construction. this is common view on 2nd street. 2nd street is under massive construction. and it will be. and if you keep putting th
the city is not getting any sales tax. we pay sales tax to the city. you are losing. we're geting into more areas. construction. this is common view on 2nd street. 2nd street is under massive construction. and it will be. and if you keep putting th
SFGTV2: San Francisco Government Television
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Jan 31, 2013
01/13
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individuals that are currently incarcerated in a much more effective way that is going to save you tax dollars but also reduce the chance that they'll continue to spiral into those, like the stories we heard earlier today. [applause] >> if i could add one quick thought that ties with the first panel and this panel. it's the question of resource allocation. the point needs to be taken quite seriously especially with adolescents. if you get the diagnosis and the community is not ready to step up and do the interventions that are more humane, then the inhumane alternatives may end up costing more but being the easy political solution. >> i think we're out of time. i would like to thank everyone on the panel for their time.. >> thank you kindly. as an ex-felon, it's not my first effort with a public defender in public for a bunch of people who i know are working hard to make this substance abuse incarceration cognitive behavior thing work all together. i started doing my career in rehabs and jails and shelters and where i live. it's a privilege to work for people who chose to be the audien
individuals that are currently incarcerated in a much more effective way that is going to save you tax dollars but also reduce the chance that they'll continue to spiral into those, like the stories we heard earlier today. [applause] >> if i could add one quick thought that ties with the first panel and this panel. it's the question of resource allocation. the point needs to be taken quite seriously especially with adolescents. if you get the diagnosis and the community is not ready to...
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Jan 30, 2013
01/13
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you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the argument for munis against the argument for charitable deductions, against the argument for mortgage deductions, so i do think it's something that people need to be cautious about. as a result if i were an investor right now, i would be investing with a shorter duration. and i've said this a lot over the last couple of years, with all the things that have gone on, i would have a professional managing my municipal money, whether it's in a mutual fund, an etf or separately managed account. >> having said that, what are your picks, a few muni picks? >> i did lon
you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the...
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Jan 31, 2013
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there's taxes on investment income. there's taxes on devices. there's taxes on drugs, and all of that flows through ultimately to premium that employers have to pay for their employees. that's going to get reflected in the cost of their prices to consumers, so ultimately it gets right back to the consumer. >> you said on "the call" today some companies are trying to avoid health coverage by reducing employees' hours. i'm wondering if that's one of the unintended consequences of this whole thing of what we need to consider and what the broad implications might be on the overall employment picture as a result of affordable care act. >> well, i think that one of the things that we always know about regulation, that as long as we're part of a free market, which is what our country is, that people are going to find a way to fix it to work for them economically, and so one of the things that we will see in the service industries, particularly hospitality and retail, is we're going to see people shorten hours on some of their employees to below 30 hour
there's taxes on investment income. there's taxes on devices. there's taxes on drugs, and all of that flows through ultimately to premium that employers have to pay for their employees. that's going to get reflected in the cost of their prices to consumers, so ultimately it gets right back to the consumer. >> you said on "the call" today some companies are trying to avoid health coverage by reducing employees' hours. i'm wondering if that's one of the unintended consequences of...
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Feb 1, 2013
02/13
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you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super commission. they did nothing. that failed. now he's got to come out and take on everybody in that huge pile of tax expenditures. realtors, life insurance -- he is headed for -- it will take a lot more than two years and especially in a reelection year. now mcconnell in reelection year. >> potential primary for mitch mcconnell? >> i think scenarios are set for anybody that violate the mantra or whatever the great issue is. the great base, whatever the base is. but if you get out there and mess around with that, they will pick you up in the pr
you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super...
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Jan 29, 2013
01/13
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but when you see an illegal immigrant work on the table in the government can't tell at collect taxes, that's where the line is drawn. patti says and if you're going to punish the boys for hiring illegals and you should also but as those will outsource jobs overseas. maria gillis says i came here on a fiancee visa and from day one i worked all my documents and paid taxes. i did my daughter citizenship before she turned 18. if they all get a free pass, i want all my money reimbursed. >> we will be right back. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. this is iamazinaz how did diyou fiu us? u i thoughout we mig mht be blatela so i h iad a fibefir analanysis dise and ansure ereugh,ugwe 're fae ly.ly but buyou'reu'ot eotn shn dded you're..re.cruncru?! that hap hpens snsetimet. and you yohelp klpp pep le flel lwithwiholehorainraiberb justju like iku guu . [ femalema announner ]erhey'e differenert, but bhe shee. new frw osted temini-w
but when you see an illegal immigrant work on the table in the government can't tell at collect taxes, that's where the line is drawn. patti says and if you're going to punish the boys for hiring illegals and you should also but as those will outsource jobs overseas. maria gillis says i came here on a fiancee visa and from day one i worked all my documents and paid taxes. i did my daughter citizenship before she turned 18. if they all get a free pass, i want all my money reimbursed. >> we...
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Jan 29, 2013
01/13
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here is the pitch, no state taxes. better than sunshine. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ >>> coming up on the "closing bell," coming up two stocks, apple down, research in motion is hot. which is the better stock to buy right now. we, of course, have that trade. plus, did amazon have a happy holiday? instant analysis of the online retailer's earnings. the dow inching closer to an all-time high. mark far ber is not impressed. find out why he's calling for a 20% selloff this year. they don't call him dr. doom for nothing. first "street signs." >> thanks very much, scotty, we're looking forward to it. we have breaking news here. what you're looking at is the president live in las vegas. he's going to be laying out his immigration reform plan. here on "street signs" we were talking about immigration, about 11 million illegal immigrants in the country. talking about growth if we made them legal.
here is the pitch, no state taxes. better than sunshine. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ >>> coming up on the "closing bell," coming up two stocks, apple down, research in motion is hot. which is the better stock to buy right now. we, of course, have that trade. plus, did amazon have a happy holiday? instant analysis of the online retailer's...
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Feb 1, 2013
02/13
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school in american canyon. >> our promise to the voters of napa was to keep the tax bill at or below 39 or 36 and we were able to accomplish that. >>reporter: but there wasn't enough monto finish the project so the district resorted to capitol appreciation bonds or cabs. traditional school bond require borrowers to start making payments within 6 months. taxpayers usually pay 2 to three times the original amount borrowed. tab allow the payments to be stretched out over a longer period. sometimes decade. but there is a price. at least one district cost 23 times more than first borrowed. california watch investigation found the state had some of the loosest rules governing cap appreciation bond anywhere in the nation. found 3-21 school district used cab to finance project. combined those districts have borrowed more than 5 and a half billion dollars. costing taxpayers nearly 22 billion. >> in southern california the unified school district here used 53 million dollars in bond money to pay for construction of a high school. that included air conditioned gym and rubber track surrounding a
school in american canyon. >> our promise to the voters of napa was to keep the tax bill at or below 39 or 36 and we were able to accomplish that. >>reporter: but there wasn't enough monto finish the project so the district resorted to capitol appreciation bonds or cabs. traditional school bond require borrowers to start making payments within 6 months. taxpayers usually pay 2 to three times the original amount borrowed. tab allow the payments to be stretched out over a longer...
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Jan 30, 2013
01/13
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i'm living here like an american citizen because i pay the taxes. >> jeff martin is with the federation for american immigration reform. a group that lobbies for strict immigration enforcement. >> they have been in the country breaking the law all that period of time and that should earn them no priority with regard to people who have been waiting outside the country. >> martin says allowing the coleen's to stay in the u.s. will be no more effective than stopping illegal immigration that a 1986 law that allowed 3 million illegal immigrants to apply for legal resident status. >> we've been here, like i said, for 22 years. is that the back of the line? what is the back of the line? >> the coleen family believes the political muscle hispanics showed at the polls will push democrats and republicans to pass immigration reform with a path to citizenship this year. bill whitticker, cbs news, los angeles. >>> a rare and complicated double transplant gives a veteran the use of his arms. the amazing thing he can already make his fingers do. >>> how studying to play steve jobs in a movie made asht
i'm living here like an american citizen because i pay the taxes. >> jeff martin is with the federation for american immigration reform. a group that lobbies for strict immigration enforcement. >> they have been in the country breaking the law all that period of time and that should earn them no priority with regard to people who have been waiting outside the country. >> martin says allowing the coleen's to stay in the u.s. will be no more effective than stopping illegal...
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Feb 1, 2013
02/13
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one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very
one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging...
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Jan 29, 2013
01/13
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new year, and now a lot of those uncertainties have been wiped away with the budget ceiling and the tax situation that i think gives us a great deal of improvement, but as dandy don used to say when he hosted "monday night live," when it became obvious, he used to sing "turn out the lights, the party is over," and i think that's what's happening now. investors are realizing that the bond market party may be over, and it's time to shift to equities. >> let me ask you again. how are you allocating capital then in. >> we like a lot of sectors in the equity market. we like energy, materials and industrials, and some of the technology names are looking really pretty right now. >> rick, it's a perfect segue to you. he said the bond market party may be over. is it? >> well, no, i absolutely do not think so. here we are still toying with 2% as we get close to record highs in the dow jones industrial average. there's an incongruent relationship there, just like there's an incongruent relationship with the fact that we're talking about the dow near records, and tomorrow morning at 8:30 eastern i'
new year, and now a lot of those uncertainties have been wiped away with the budget ceiling and the tax situation that i think gives us a great deal of improvement, but as dandy don used to say when he hosted "monday night live," when it became obvious, he used to sing "turn out the lights, the party is over," and i think that's what's happening now. investors are realizing that the bond market party may be over, and it's time to shift to equities. >> let me ask you...
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Jan 30, 2013
01/13
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KGO
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yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. orleans. on super bowl media day the stars get preferential treatment. they get their own podium and their back ups are on the field with us, the reporters. that's where alex smith was in the superdome trying to put a happy face on. well not that happy. if not for a midseason concussion it may be smith starting, but instead he up c backing up colin kaepernick. smith will almost certainly play for another team. he has been talking about this frustrating situation. >> how bittersweet is this for you, alex? >> this is great. i mean it thing.n amazing thing. as a team you work so hard and put in so much time. this has been our goal all along since last year. did i envision mys
yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. orleans. on super bowl media day the stars get preferential treatment. they get their own...
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Jan 29, 2013
01/13
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think about a tax return. i.r.s. efforts to fight identity theft and false returns may slow things down by a week. the i.r.s. begins to accept 2012 returns tomorrow. if you have a college degree you may be overqualified for your job. a new center study said 48 percent of the college grads are in jobs they are more than qualified for. there are 42 million college grads on the work force . be careful what you say about the boss on facebook. you may be at risk of getting fired. the national labor relation board had ruled that employees were free to. but those regulations are in question because that was appointed when the senate was not in recess. >> it is now 5:24 can time for a check on the weather forecast and leaves me speechless. >> it should. it is going to be that warm. what is more? mike? >> temperatures are around average for the entire state. high pressure is dominating all of our weather and putting a road block up for snow in the mountains or rain in the lower elevations. 58 in big sir . 60 in sacramento and
think about a tax return. i.r.s. efforts to fight identity theft and false returns may slow things down by a week. the i.r.s. begins to accept 2012 returns tomorrow. if you have a college degree you may be overqualified for your job. a new center study said 48 percent of the college grads are in jobs they are more than qualified for. there are 42 million college grads on the work force . be careful what you say about the boss on facebook. you may be at risk of getting fired. the national labor...
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Jan 28, 2013
01/13
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KRON
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and lebron just a tax them. this is a 50 year-old computer technician. he had the one hand it looks out from ed court during friday's game. adjutancy after the shot one man, leb ron james at least for dead toward >> and tackle them to the ground. great way to celebrate weddings $75,000. >> coming up we will have you covered on all things and i near as we head into super bowl week. with the team has on tap today and how the city of sampras's go is preparing for sunday when or lows. we have a nice weekend store for the bay area but the northeast is dealing with icy and the bears conditions. a live look from newark city were the snow is falling. anny hong is tracking travel conditions back east. tiger woods is like his old self, could today be the start of
and lebron just a tax them. this is a 50 year-old computer technician. he had the one hand it looks out from ed court during friday's game. adjutancy after the shot one man, leb ron james at least for dead toward >> and tackle them to the ground. great way to celebrate weddings $75,000. >> coming up we will have you covered on all things and i near as we head into super bowl week. with the team has on tap today and how the city of sampras's go is preparing for sunday when or lows....
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Jan 24, 2013
01/13
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. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
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Jan 25, 2013
01/13
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payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents
payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little...
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Jan 30, 2013
01/13
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very aggressive ones on march 1 and that will have, in addition to the fiscal drag, higher taxes. that will hurt the economy which may have to prompt the fed to do more. how they characterize the economy is critical. as i said, they are cognizant about it not be a self fulfilling prophecy. also, esther george is voting and she will be with her predecessor from kansas city this time around as well. >> when you consider the huge reaction and the discussion of how hawkish the minutes are, they are try to get it very, very straight. >> i think they talk about it the last several days. i'm not sure we will see much in terms of the announcement of the minutes. i think they recognize that all asset markets are artificially priced and dependent on the ability of their monetary policy but the time that it takes to do so and how long the fed stays low and how long it takes to get to 6.5% unemployment are the relative questions for the market today. we think it'll be a few years at least -- >> federal open market committee decides to keep funds rate at 0 to quarter percent an anticipate this
very aggressive ones on march 1 and that will have, in addition to the fiscal drag, higher taxes. that will hurt the economy which may have to prompt the fed to do more. how they characterize the economy is critical. as i said, they are cognizant about it not be a self fulfilling prophecy. also, esther george is voting and she will be with her predecessor from kansas city this time around as well. >> when you consider the huge reaction and the discussion of how hawkish the minutes are,...
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Jan 28, 2013
01/13
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policymakers who believe in structural reforms, privatization, tax reforms, budget cuts, labor mobility, and they need to be competitive both internally and externally. if you don't have, if you don't have plans like that you will not get them back to growth anytime soon. so it's very, very important that you do that. seven, the point is the private sector. and i think this is a problem. because at the beginning there was no interest in the case of greece and some of these other countries involved in the private sector. and, in fact, it was a when things got so bad that greece called upon the private sector with the european union. the european central bank and the international monetary fund, to really get the private sector involved. and there you had a big haircut that could've been dealt with earlier. it would have been as bad and now they just have to do another debt buyback problem, operation, which is still a problem. so i think the idea getting the private sector involved early on, and we show this both in latin america and asia, the asian financial crisis. korea has been a good
policymakers who believe in structural reforms, privatization, tax reforms, budget cuts, labor mobility, and they need to be competitive both internally and externally. if you don't have, if you don't have plans like that you will not get them back to growth anytime soon. so it's very, very important that you do that. seven, the point is the private sector. and i think this is a problem. because at the beginning there was no interest in the case of greece and some of these other countries...
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Jan 25, 2013
01/13
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KICU
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sellers of luxury properties were very active toward the end of 2012, due in part to the capital gains tax increase that would take effect in 2013 for those making $400,000 or more. mulville also mentioned how the changing demographics of americans go hand-in-hand with the world- wide interest in american real estate. "americans are getting older, becoming more willing sellers at the same time as foreigners want to come in and buy, so it's a combination of things that's magnifying the demand in the upper end. financing is readily available as banks are on track to distribute more private jumbo loans than they have since 2007. > > with this rush of buyers to own these million dollar homes, is this a sign the economy turning around? experts say yes, but not so fast. "we might see some stimulus effect, but i don't think it will be a major decider if we pull out of the recession or not." for first business news, i'm ky sisson. recent data shows that luxury housing markets in south florida, denver, and phoenix are also making a comeback. still ahead, watch your wings. why chicken wing prices ar
sellers of luxury properties were very active toward the end of 2012, due in part to the capital gains tax increase that would take effect in 2013 for those making $400,000 or more. mulville also mentioned how the changing demographics of americans go hand-in-hand with the world- wide interest in american real estate. "americans are getting older, becoming more willing sellers at the same time as foreigners want to come in and buy, so it's a combination of things that's magnifying the...
WHUT (Howard University Television)
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Jan 24, 2013
01/13
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WHUT
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starbucks got a roasting for paying no corporation tax on new sales of some $600 million. it's now volunteered to make some payments. starbucks arrangements are perfectly legal and typical of a multinational of its kind. but critics have not been silent, forcing starbucks into damage control. >> one of the things that's really tricky about that situation on corporation tax is how do you educate the public of the complexities of the british tax code, and does the public really care about those intricacies? probably not. so, on the one hand, by educating the public, you look defensive. by not educating them, then you're almost encouraging them to think that you are a big, greedy, terrible company trying to exploit your workers. it's a very difficult thing to play. >> big numbers expected later on from starbucks. >> aaron, thank you, thank you. do stay with us. there's much more to come here on "g.m.t." our science correspondent explains why biscuits provide a clue to the link between dogs and their canine ancestors. >> now, to the controversial construction of winter in airl
starbucks got a roasting for paying no corporation tax on new sales of some $600 million. it's now volunteered to make some payments. starbucks arrangements are perfectly legal and typical of a multinational of its kind. but critics have not been silent, forcing starbucks into damage control. >> one of the things that's really tricky about that situation on corporation tax is how do you educate the public of the complexities of the british tax code, and does the public really care about...
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Jan 24, 2013
01/13
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FBC
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compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in sligh
compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier?...
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Jan 28, 2013
01/13
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KGO
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school officials so the the marin independent journal the tax is needed to avoid cuts to programs and personnel. the proposed ball lit initiative goes to the voters in a special mail in election, in the spring. >> such a nice weekend with the gorgeous sunshine. >> i heard it was fabulous. >> we were too sick to enjoy it. >> hopefully you will get progressively better. we will make it warmer for you. >> that is whale -- what i will do for you. now, stay away from me. i cannot get sick. >> we will have unlimit 9 visibility this morning with no fog. 39 inland is as cool as it gets and mid-40's in the bay. we will have upper 40's to low 50's during the lunch hour but it will become breezy as the sun overturns the atmosphere. it could mix the we atmosphere for a shower especially near our beaches. the further you are over the ocean the more likely you are to run into one. mid-to-upper 50's for 4:00 temperatures and at 7:00 we will view mostly clear night and temperatures in the upper 40's to low 50's. for tuesday, more sunshine, and mid-50's and it gets warmer on wednesday and thursday. >>
school officials so the the marin independent journal the tax is needed to avoid cuts to programs and personnel. the proposed ball lit initiative goes to the voters in a special mail in election, in the spring. >> such a nice weekend with the gorgeous sunshine. >> i heard it was fabulous. >> we were too sick to enjoy it. >> hopefully you will get progressively better. we will make it warmer for you. >> that is whale -- what i will do for you. now, stay away from...
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Jan 25, 2013
01/13
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WUSA
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that's on top of the 18.4 cents federal gas tax you are also paying. lots of taxes every time you fill up. >>> for starbucks the coffee chain enjoyed hire spending in the u.s. and asia but revenues fell short of expectations after hitting a bump over the summer. starbucks has been making a new effort to draw in more cost conscious consumers and it's also been diversifying its offering. >>> if you use twitter, you know the posting a photo has been the primary way to share an image. well that's changing. twitter has unveiled an app called vine. that lets users embed original videos and tweets and they have to be short and tweet just like a sweet. videos are limited to six seconds or less. right now vine is available only for the iphone and the ipod touch. but they are working on other platforms. six second videos. >> yeah, there's a bunch of other sort of video sharing deals for twitter out there too. so it will be interesting to see if it works. >> vine of course is owned by twitter and it's going to be one that's promoted -- heavily. >> heavily. >> yes
that's on top of the 18.4 cents federal gas tax you are also paying. lots of taxes every time you fill up. >>> for starbucks the coffee chain enjoyed hire spending in the u.s. and asia but revenues fell short of expectations after hitting a bump over the summer. starbucks has been making a new effort to draw in more cost conscious consumers and it's also been diversifying its offering. >>> if you use twitter, you know the posting a photo has been the primary way to share an...
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Jan 24, 2013
01/13
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the tax rates will serve as an anti-stimulus. >> i'll talk about mobile because that's a big growth area for your business. as tablets become much, much more popular out there, what are some of the solutions that verifone offers? and how does that change, more importantly, the mix, and how does it shift the mix in your hardware business? >> well, checking out is not the only place that you pay now, you can pay throughout the store, you can pay in an aisle, you can pay at a roadstand, so our business is flourishing with a number of mobile products for clienteling, which bring the retail clerk and the consumer closer together for opportunities to order off of e-commerce websites in the store to fulfill inventory shortages that you might not have at that time. inventory management, et cetera. so retailers are looking to us for more than just a traditional verifone point of sales systems at the checkout counter, but they're looking for technology throughout the store. that's going to be a very good driver for us in 2013 and 2014. >> do the two solutions coexist or is a replacement of the poi
the tax rates will serve as an anti-stimulus. >> i'll talk about mobile because that's a big growth area for your business. as tablets become much, much more popular out there, what are some of the solutions that verifone offers? and how does that change, more importantly, the mix, and how does it shift the mix in your hardware business? >> well, checking out is not the only place that you pay now, you can pay throughout the store, you can pay in an aisle, you can pay at a...
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Jan 28, 2013
01/13
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with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history of making bad business decisions in illinois. we sold the parking meter rights, and weave given away cash flows for 20 years on out. this is no surprise, and it's the worst in the union now, and it's not better because we're on a negative watch as well again. where we go from here is we have to see a massive exodus of people like myself or anybody get behind this. we're in trouble. are you or anyone else in illinois going to do a mike dirk mickelson or sarkozy in do you see a lot of tax refugees pouring out of illinois, you
with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history...
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Jan 25, 2013
01/13
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income and moving towards taxing consumption from income-tax is to sales taxes. related story. governor brownback of kansas wants to eliminate his state's income tax, he joins the governors of four this state which are considering the same thing. where does phil mickelson coming to this? in two ways. he wants to move out of california. he is free to live wherever he wants and preferred lower taxes. why not? that is why states like kansas, florida, texas are competing for tax refugees. the phil mickelsons of this world are driving the tax debate. phil mickelson objects to a 63% tax rate. who wouldn't? when this tax become legalized theft? this is a moral question as well as financial. here you have a sports guy driving a moral and financial tax debate. is not going away either. the president wants to raise taxes even more and we will soon see the impact of that disaster known as obamacare. bring on the debate. do you think 63% is a fair share for the government? do you think any american should be cowed into living where the government can tax them most? i know wh
income and moving towards taxing consumption from income-tax is to sales taxes. related story. governor brownback of kansas wants to eliminate his state's income tax, he joins the governors of four this state which are considering the same thing. where does phil mickelson coming to this? in two ways. he wants to move out of california. he is free to live wherever he wants and preferred lower taxes. why not? that is why states like kansas, florida, texas are competing for tax refugees. the phil...
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Jan 29, 2013
01/13
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KRON
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lee is already has a says overhauling the city's business tax code and lining up funding for housing programs. he is hoping to bring that success to overhauling muni by creating a task force to help fix the system. his goal is to create a system capable of handling the population projections of 2030. >> the california highway patrol is continuing its investigation into a side show that happened over the weekend. we have video on you tube . the police are trying to determine the likely place numbers and makes and models of the cars you see. chp sgt diana mcdermott tells of what investigators are zeroing in on as they try to catch drivers who took part in the recent 880 freeway sideshow. >> pretty much the videos stand for themselves you can see license plates numbers. we are gathering the facts and statements from witnesses that called in. the had to be six, seven, or eight vehicles involved. >> in addition to video evidence chp investigator say people who are on the scene stayed in their vehicles while watching the side show took place to also play an important role in catching those
lee is already has a says overhauling the city's business tax code and lining up funding for housing programs. he is hoping to bring that success to overhauling muni by creating a task force to help fix the system. his goal is to create a system capable of handling the population projections of 2030. >> the california highway patrol is continuing its investigation into a side show that happened over the weekend. we have video on you tube . the police are trying to determine the likely...
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Jan 25, 2013
01/13
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it's not till november that the tax laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in packaging of all things. you're going to sey 15id that. i'm expecting a very good quarter after the close. we get the new one, the ipo, barry plastics. the other packaging bull market player. i think there's a lot to like here too. on the lookout for both of these. if buy my stock goes down ahead of when it reports, buy its stock. all right. now, on friday morning i think you're going to see the contrast between the world's largest oil company, exxon, which has truly become a serial disappointer, and chevron, which has become a company that delivers som
it's not till november that the tax laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in...
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Jan 24, 2013
01/13
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it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you see, apple is not a winner. bed bath, western digital, and more. we'll be right back. ♪ [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. i have obligations. cute tobligations, but o
it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you...
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Jan 26, 2013
01/13
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MSNBC
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but the over -- i think the president overreached in trying to push through a tax in the middle of the worst economy. and what it did was it radicalized the republicans and made them see political opportunity. now, i think the pendulum can swing back. it's important to recognize there is a lot of work to do out -- >> can i -- >> that's a different senator conference than i remember as someone who worked on clean energy standards. we had this conclusion we should be doing clean energy standards. i think it's important to just say, there wasn't enough capacity. we all tried really hard. we invested. we learned some lessons. we wished the president would have been stronger but i think he did to the extent he could. but i think it was a bad congress and a bad senate who didn't take leadership and we shouldn't pretend it was anything but the most insane group of people we'd ever seen -- >> sometimes half a loaf is more important -- >> no, let me say one last thing. i think it's morally per verse to excullpate someone like lindsey graham who knows it's happening, says he's for cap and trade,
but the over -- i think the president overreached in trying to push through a tax in the middle of the worst economy. and what it did was it radicalized the republicans and made them see political opportunity. now, i think the pendulum can swing back. it's important to recognize there is a lot of work to do out -- >> can i -- >> that's a different senator conference than i remember as someone who worked on clean energy standards. we had this conclusion we should be doing clean...
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Jan 25, 2013
01/13
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he does not want higher tax rates. he wants lower tax rates. charles: he does have a conservative look. it goes against all of your core principles to back president obama. stuart: by the way, thank you liz. now it is time to give it to connell. connell: you did look like you are getting along very, very well. i am connell mcshane. has housing finally turned a corner? that will be our big debate and discussion this morning. jamie dimon says, yes, it is going back up. >> it will not get better in spite of the economy. supply and demand. for household formation. connell: wait a minute, a drop in sales came in. we will sort all this out coming up. and flipping houses and fixing them up. vanilla ice, of all people, is with us during this hour. republicans need to get tougher and cut federal programs. 58% of americans oppose anything happening. we are going to start with the stock market. we have been talking about this. we are up again today with nicole petallides covering it from the new york stock exchange. nicole: it shows you what we are just 3
he does not want higher tax rates. he wants lower tax rates. charles: he does have a conservative look. it goes against all of your core principles to back president obama. stuart: by the way, thank you liz. now it is time to give it to connell. connell: you did look like you are getting along very, very well. i am connell mcshane. has housing finally turned a corner? that will be our big debate and discussion this morning. jamie dimon says, yes, it is going back up. >> it will not get...
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Jan 26, 2013
01/13
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government stimulus in japan now in order to help pull them out of a recession, and then there's also a new tax change that's being put in place in roughly 2014. so there's some additional spending taking place there. but i think that the rebuilding that's taking place today as you comment is very different from what took place after the kobe earthquake. >> i've got to tell you, dan, this is the best i've seen your company. you've got the real estate trust structure. thank you so much. it's perfect. great to see you, sir. >> great to talk to you, jim. thanks. >> my charitable trust sold it. after listening to what i just heard, we shouldn't have sold. this is just a really good stock. wy is really, really right. dan fulton's got it together. stay with wy. stay with cramer. >> coming up, clash of the titans. missed the sparks fly on cnbc today? >> carl, you want to bid for the company, go ahead and bid for the company. >> you don't have to tell me what i'm free to do. >> two big money managers are clashing over herbalife. cramer's translating all the lingo to let you know what it all means for t
government stimulus in japan now in order to help pull them out of a recession, and then there's also a new tax change that's being put in place in roughly 2014. so there's some additional spending taking place there. but i think that the rebuilding that's taking place today as you comment is very different from what took place after the kobe earthquake. >> i've got to tell you, dan, this is the best i've seen your company. you've got the real estate trust structure. thank you so much....
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Jan 25, 2013
01/13
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how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to them. many of them sat here and said you know what liz, though, he listened but i didn't see anything effectuated. do you think it's a different time now with president obama? >> i'm very fortunate that i was one of the ones that was called upon very early to help first term president obama. you've got to understand where he's coming from and his agenda and how he got voted in. liz: how hard is it to understand that businesses create jobs? >> not hard, but how hard is it to actually put the agenda ahead of the other agendas, probably difficult. but now the agenda is here. by the way, it transcen
how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to...
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Jan 24, 2013
01/13
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ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that. they settled claims with a interdrug trial subject. they moved along from that. pfizer here at a 52-week high. pfizer shares hitting this multiyear high on the results of several studies. they have done well with treatments for depression, overactive bladder, quitting smoking. biogen i can't leave out doing well. up 1.3% right now. back to you. tracy:
ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the...